$LUMIA Will hitt 1.8$ soon:
For LUMIA/USDT to hit $1.8, it would require a significant rally, with a price increase of over 58% from its current level of $1.132. Here’s a detailed analysis:
Factors to Consider:
1. Current Momentum:
The current bullish momentum is strong, but indicators like the Stochastic RSI (94) and RSI (75) suggest the price is overbought. This could lead to a consolidation or correction before a major upward move.
2. Resistance Levels:
Immediate resistance lies at $1.163 and then $1.274 (recent high).
Breaking through these levels is essential before considering a move to $1.8.
3. Volume and Market Sentiment:
A move to $1.8 would require a massive surge in volume and strong bullish sentiment in the overall crypto market or for LUMIA specifically.
4. Timeframe:
Short-term moves of such magnitude are usually driven by significant news or events (e.g., listings, partnerships, or ecosystem developments).
5. Historical Performance:
Check if LUMIA has previously made such large percentage moves in a short period. If it has, it may have the potential to do so again.
Scenarios:
1. Bullish Scenario:
If LUMIA breaks $1.274 with strong volume, it could target $1.5 as the next milestone, followed by $1.8.
This would likely need a catalyst, such as a broader market rally or positive news.
2. Bearish/Neutral Scenario:
Overbought conditions could lead to a pullback, making a move to $1.8 less likely in the immediate short term.
Conclusion:
Hitting $1.8 in the short term (like tonight or tomorrow) seems unlikely without a major catalyst. However, it could be possible in the medium term if bullish momentum sustains and market conditions are favorable.
